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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 14D-9/A
SOLICITATION/RECOMMENDATION STATEMENT
PURSUANT TO SECTION 14(D)(4) OF THE
SECURITIES EXCHANGE ACT OF 1934
Amendment No. 1
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NELLCOR PURITAN
BENNETT INCORPORATED
(NAME OF SUBJECT COMPANY)
NELLCOR PURITAN
BENNETT INCORPORATED
(NAME OF PERSON(S) FILING STATEMENT)
COMMON STOCK, PAR VALUE $.00L PER SHARE
(TITLE OF CLASS OF SECURITIES)
640275 10 3
(CUSIP NUMBER OF CLASS OF SECURITIES)
C. RAYMOND LARKIN, JR.
PRESIDENT AND CHIEF EXECUTIVE OFFICER
4280 HACIENDA DRIVE
PLEASANTON, CALIFORNIA 94588
(510) 463-4000
(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE
NOTICE AND COMMUNICATIONS ON BEHALF OF THE PERSON(S) FILING STATEMENT).
With a Copy to:
ROBERT M. MATTSON, JR., ESQ.
MORRISON & FOERSTER LLP
19900 MACARTHUR BOULEVARD, 12TH FLOOR
IRVINE, CALIFORNIA 92612
(714) 251-7500
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This Amendment No.1 amends and supplements the Solicitation/Recommendation
Statement on Schedule 14D-9 filed on July 29, 1997 (as amended, the "Schedule
14D-9"), relating to the offer of NPB Acquisition Corp., a Delaware corporation
("Merger Sub") and wholly-owned subsidiary of Mallinckrodt Inc., a New York
corporation ("Purchaser"), to purchase all of the outstanding shares of Common
Stock, par value $.001 per share, of Nellcor Puritan Bennett Incorporated, a
Delaware corporation (the "Company"), including the associated rights to
purchase Series A Junior Participating Preferred Stock (the "Rights" and,
together with such shares of Common Stock, the "Shares") at a purchase price of
$28.50 per Share, net to the seller in cash, upon the terms and conditions set
forth in the Offer to Purchase dated July 29, 1997, and as amended from time to
time.
ITEM 6. RECENT TRANSACTIONS AND INTENT WITH RESPECT TO SECURITIES.
(a) No transactions in the Shares have been effected during the past 60 days
by the Company or, to the best of the Company's knowledge, by any executive
officer, director, affiliate or subsidiary of the Company, except that (i) on
July 15, 1997 Boudewijn Bollen, an Executive Vice President of the Company,
exercised options to purchase 6,000 shares of Common Stock in connection with a
loan from the Company of approximately $93,000, which loan is secured by such
shares, (ii) on July 7, 1997 each of the Company's non-employee directors
(Messrs. Dole, Glaser, Grafton, Hammond, McDonnell, Van Bronkhorst and Morton
and Dr. Lavizzo-Mourey) received the automatic annual grant of an option to
purchase 10,000 shares under the Company's 1988 Stock Option Plan for Non-
Employee Directors (the "Directors' Plan") and (iii) on July 15, 1997 Burton
Dole, Jr. transferred without consideration 30,824 shares of Common Stock to
certain family members (or trusts for their benefit).
(b) To the best of the Company's knowledge, except for Shares the sale of
which may trigger liability for the holder(s) under Section 16(b) of the
Securities Exchange Act of 1934, each executive officer, director and
affiliate of the Company currently intends to tender all Shares to the
Purchaser over which he or she has sole dispositive power as of the expiration
date of the Offer.
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ITEM 9. MATERIAL TO BE FILED AS EXHIBITS.
EXHIBIT NO.
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Exhibit 1 Agreement and Plan of Merger, dated as of July 23, 1997, by and
among Nellcor Puritan Bennett Incorporated, Mallinckrodt Inc. and
NPB Acquisition Corp.+
Exhibit 2 Press Release dated July 23, 1997.*+
Exhibit 3 Form of Letter to Stockholders, dated July 29, 1997.*+
Exhibit 4 Form of Letter to Stockholders, dated August 4, 1997.**
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* Included in the Schedule 14D-9 mailed to the Company's stockholders.
** Material to the Company's stockholders on August 5, 1997.
+ Previously filed.
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: August 5, 1997.
/s/ Laureen DeBuono
By:__________________________________
Laureen DeBuono
Executive Vice President, Human
Resources, General Counsel and
Secretary
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